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General

Telefonica in talks to sell 49% stake in Telxius - report

Friday 10 February 2017 | 09:50 CET | News
Telefonica is in advanced talks with a number of private equity firms, including KKR, CVC and Ardian, plus sovereign fund GIC, to sell a 49 percent stake in its infrastructure subsidiary Telxius, according to unnamed sources cited by Reuters. The company has hired HSBC as an advisor and is looking to finalise a deal by the end of March, with two sources indicating that an agreement my even be announced before Telefonica releases its full-year earnings on 23 February. The 49 percent stake is expected to raise at least EUR 1.47 billion based on the valuation of the failed IPO of Telxius in

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Categories: General
Companies: Telefonica / Telxius
Countries: Spain
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